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American Security Mortgage Corp.
Independent Mortgage Company|Charlotte, NC|Multi-Region
Loans Originated
2,958
Applications
3,814
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.115%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,900
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
77.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Report Card
American Security Mortgage Corp. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 21 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$406,667
Average Borrower Income
$177,180
Average Property Value
$519,033
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 2,015 | 68.1% | +0.154% | $1,835 |
FHA Loans | Strong | Strong | Strong | Strong | 388 | 13.1% | +0.360% | $1,994 |
VA Loans | Strong | Exceptional | Sound | Exceptional | 441 | 14.9% | -0.433% | $2,277 |
Jumbo Loans | Strong | Strong | Sound | Strong | 85 | 2.9% | +0.140% | $1,588 |
USDA Loans | Strong | Strong | N/A | Strong | 29 | 1.0% | +0.102% | $1,789 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Strong | 2,775 | 93.8% | +0.121% | $1,933 |
Refinance | Strong | Strong | Sound | Strong | 183 | 6.2% | +0.011% | $1,409 |
Geographic Coverage
Metro Areas
20
States Served
10
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
DCFLGAILMDNCOHSCTNVA
Top Metro Areas by Place Specialization Score
1
Charlotte, NC-SCMSA
Volume: 1,453Mix: 49.12%
Place Specialization
Exceptional
2
Goldsboro, NC, NCMSA
Volume: 75Mix: 2.54%
Place Specialization
Exceptional
3
Raleigh, NCMSA
Volume: 403Mix: 13.62%
Place Specialization
Exceptional
4
Fayetteville, NC, NCMSA
Volume: 151Mix: 5.10%
Place Specialization
Exceptional
5
Greenville, NC, NCMSA
Volume: 61Mix: 2.06%
Place Specialization
Strong
6
Wilmington, NC, NCMSA
Volume: 99Mix: 3.35%
Place Specialization
Strong
7
Durham, NCMSA
Volume: 94Mix: 3.18%
Place Specialization
Strong
8
Jacksonville, NC, NCMSA
Volume: 50Mix: 1.69%
Place Specialization
Strong
9
Asheville, NC, NCMSA
Volume: 36Mix: 1.22%
Place Specialization
Strong
10
Pinehurst, NCMSA
Volume: 21Mix: 0.71%
Place Specialization
Sound
Showing 10 of 20 metro areas
Top States by Place Specialization Score
1
NCState
Volume: 2,629Mix: 88.88%
Place Specialization
Exceptional
2
SCState
Volume: 242Mix: 8.18%
Place Specialization
Strong
3
VAState
Volume: 41Mix: 1.39%
Place Specialization
Sound
4
GAState
Volume: 12Mix: 0.41%
Place Specialization
Acceptable
5
FLState
Volume: 13Mix: 0.44%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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